Marc Lasry, the billionaire co-founder of Avenue Capital Group, said on Wednesday that the firm has invested in some of the approximately $4.8 billion in debt of luxury department store chain Neiman Marcus Group.
Max Mara is bringing its curated traveling photography exhibit to its Beverly Hills store. The exhibit showcases pieces of outerwear worn by 23 celebrities as part of a push to generate excitement for the brand's coats.
The British arm of luxury outerwear brand Moncler said the opening of a three-storey 3,550 sq ft flagship store on Old Bond Street helped lift sales by 44% to £35.2 million in the year to 31 December 2016.
The brand development and licensing company confirmed with Fashion Network the acquisition of Hervé Léger. The French fashion house was acquired by Marquee Brands in August 2017 with the BCBG portfolio.